The Islamic Development Bank (IsDB)’s “AAA” credit rating was affirmed with a “Stable Outlook” by Fitch Ratings on May 28, 2019. The trust certificates issued by IsDB Trust Services Ltd. have also been affirmed at ‘AAA’.
The ratings and the stable outlook reflect the intrinsic strengths of IsDB; in particular, its excellent capitalization, excellent liquidity buffers, conservative risk management underpinned by strong risk management policies, and low solvency risks compared with other regional Multilateral Development Banks (MDBs). Fitch also recognized the IsDB's capitalization as being “among the highest for MDBs.”
The IsDB remains amongst the most highly-rated MDBs and the highest in the Muslim world. The ‘AAA’ rating enhances the Bank’s capacity to mobilize external resources to fulfil its development mandate and play a leading role in development of Islamic Finance industry.
H.E. Dr. Bandar Hajjar, President of the IsDB Group, congratulated all Member Countries, IsDB Board Members and Staff for this important achievement. He renewed IsDB’s commitment to exert maximum efforts to realize the objectives of the 2020G Vision and the ‘President’s 5-year Program’ (P5P) to enhance efficiency and effectiveness of the Bank’s activities.